During a Texas Tribune event on Friday, Sept. 29, Texas A&M Chancellor John Sharp, named by Governor Abbott to lead the state’s recovery from Hurricane Harvey, commented that the insurance industry, specifically insurance agencies, were waiting on FEMA before paying insurance claims. Sharp said agents need to “step up” and “write a damn check.”
On the heels of Sharp’s comments, IIAT took the opportunity through a press release to Texas media outlets to clarify the role of a Trusted Choice® independent agent in the claims process.
“Independent agents are actively on the ground working tirelessly to help Harvey victims file and resolve insurance claims as expediently as possible,” said IIAT President & Executive Director Marit Peters. “Coordinating coverage among property, flood and wind policies, which are often insured through different companies, can be a complex process.”
Insurance companies pay claims when they are due under an insurance policy. According to the Insurance Council of Texas, insurance companies have already paid out an estimated $2 billion in insurance claims on flooded automobiles and wind damaged homes due to Harvey’s 130-mile-per-hour winds and massive flooding.
IIAT urges all Texans affected by Harvey to contact their insurance agent for assistance. FEMA has provided guidance on applying for disaster assistance at http://www.disasterassistance.gov and information on insurance processing for flood coverage can be found here.